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Key Facts

[Ref: GE074]

Business For Sale : Joinery Manufacturing Specialist
Location : Lancashire, UK
Freehold

Contact: Turner Butler

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Asking price includes

Turnover forecast circa £270,000 per annum
Net Profit forecast circa £20,000 per annum

Established in 1975
Specialist manufacture of window frames, doors etc.
Virtual Freehold premises ( circa 100 year peppercorn lease)
Database of reliable trade customers
Flexible supplier with good name & reputation
Regular work in progress
Team of skilled and time served staff
Goodwill

Business profile

This is a well established joinery manufacturing business, formed in 1975, and run by the current owners since 1993. The business specialise in timber window frames, doors, staircases and all other wood related applications, supplying independent builders, joiners and the local council. They predominently supply trade customers but have a small amount of retail sales to the general public

The business has a strong database of regular repeat customers and have continual work in progress. They have an excellent name and reputation for their flexibility in being able to provide almost anything their customers require and are a reliable, competitive and trustworthy supplier.

The business runs from virtual freehold premises ( circa 100 year pepercorn lease) in Lancashire with a well equipped workshop, offices and yard. There is the option to either lease the premises from the owners or purchase the virtual freehold outright.

This is a profitable business with low overheads and no bad debt. This would make a perfect bolt on business for a company in an associated trade or for another joinery company who is looking to expand their business.

Key Strengths

• Well established joinery manufacturer - 1975
• Fully equipped workshop with extraction system
• Wide ranging regular customer base of local builders & local council work
• Team of skilled and time served staff
• Continual work in progress
• Profitable business with low overheads and no bad debt
• Option to lease the premises or obtain the virtual freehold outright

Growth and Expansion

The owners believe that the company can expand its operation with investment within the company by purchasing new equipment including CNC machinery and a “window” line. This would help in them becoming more efficient and reduce the number of manufacturing hours for each job.

Premises

The company runs from virtual freehold premises with a circa 100 year peppercorn lease. The premises where last valued at £250,000 and comprise of offices, workshop with mezzanine floor overhead used for storage, and a yard. The premises measure in total circa 9,800 square feet with the building and mezzanine measuring circa 5,500 square feet. The premises are fully secure with locked metal gates. The rent if applicable would be circa £20,000 per annum.

Employees

As well as the two partners who run the business on a daily basis there are two full time manufacturing and one part time administration clerk. The company works with teams of sub-contractors including electricians, plasterers, plumbers, builders and joiners who perform any on-site work which is needed.

Financial profile

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business has a turnover of circa £270,000 per annum with Net profits of circa £20,000 per annum.

Support and Training

The vendors would be happy to help with a smooth transfer of the business in any way possible.

Reason for Sale

The two owners want to pursue other opportunities.

 
 

[PRFLID:28179] [CMPID:7] [FRMTeID:] [MiUITID:1] [MiID:153211] [PdUITID:1]

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